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PolyMet Mining Corp. (POM.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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3.7400+0.0200 (+0.54%)
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  • J
    James
    Michigan's Highland Copper (HDRSF) is giving a presentation on Thursday at 12PM. The website for the presentation notes the following. I think they may be discussing their updated Feasibility Study on their Copperwood deposit, and potential financing. The company wants to go into construction by late Q4 or early 2023. Worth checking out if you're interested in Great Lakes copper projects.

    "Highland Copper's CEO, Denis Miville-Deschênes, discusses how the company is ready to execute on its key assets in Michigan, with an ESG focus. With a reshaped asset base, balance sheet and Board, the time is right to build America's next copper mine.
  • B
    Ben
    The White House talks big about oil production and internal sources of critical minerals, but the agencies are still run by anti-development types who oppose all petroleum and mining projects.
  • C
    Cole
    When you look at the reports for how much recoverable Nickel/copper/cobalt/gold/plat/pallidium this mine has, and factor in today's prices on those metals, ird pure insanity how much $ there is on this single location.
  • P
    Patc
    Starting May 3, the US Army Corps of Engineers will host three days of hybrid in-person and virtual public hearings to discuss our NorthMet Project’s potential downstream impacts – specifically on the Fond du Lac Reservation, more than 110 river miles downstream.

    As you may be aware, the Minnesota Pollution Control Agency (MPCA) has already awarded our project a 401 Water Quality Certification after concluding our project will have no downstream impacts. This certification helped inform the Corps of Engineers’ decision to award a 404 Wetlands Permit.

    Our supporters at Better in Our Backyard, Mining Minnesota and Jobs for Minnesotans are organizing an effort to encourage participation during the virtual hearings.

    On the last day of the hearing, Thursday, May 5, from 4-9 p.m., the Corps is seeking public input via a call-in line. Please consider speaking at the hearing to add your voice in support of PolyMet.

    Find more information on the hearing and how you can participate here: https://betterinourbackyard.com/public-hearing/

    Thank you for supporting our project!
  • A
    Anonymous
    Anyone have an idea what stock price will be when they start mining?
    Been holding this for many years. Hoping to get to even sometime.
  • J
    John
    Good article regarding EPA's recommendation not to reissue permit from MPR News

    "While only a recommendation, it could deal a potentially severe blow to the controversial $1 billion mine proposed near the northeastern Minnesota towns of Babbitt and Hoyt Lakes, if the U.S. Army Corps of Engineers follows the advice of the EPA and decides not to reinstate the “Section 404” wetlands permit, one of several key approvals PolyMet needs to begin construction."
  • s
    steve
    Big buyer today. I sense freshly inked permits soon.
  • J
    James
    "When people think about the commodity boom that's under way, the first thing that probably comes to mind is the price of oil. People all over the world know where it's priced due to regular fluctuations in the price of gasoline. And of course, oil is crucial both politically and geopolitically.

    But perhaps the big story of the next several years is going to be copper. On the latest episode of the Odd Lots podcast, we speak with Goldman's top commodity strategist, Jeff Currie, who said this regarding copper:

    “I would argue copper is likely to be the tightest commodity we’ll have ever seen. Now it's much tighter than what oil was during the 2000s. Let me remind you, oil went up 7x in the 2000s. Our forecast is $15,000 a ton on copper, but no matter what technology you use, you're gonna be using electricity. And the only thing that can conduct electricity given the rules around the periodic table and the rules of chemistry is copper at the rate we need to conduct it, which means that the demand for copper's gonna be there. So I think there’s upside around our $15,000 target, which by the way, if you started this cycle at $5,000 copper, $15,000 is a 3X. And oil was a 7X over that time period, the upside potential in copper, I think, is significant.”

    Not only is copper going to be incredibly tight, it's absolutely essential if we're going to electrify everything and move more energy use off of oil. So for it to be the tightest commodity we'll have ever seen is a big deal."

    https://www.bloomberg.com/news/newsletters/2022-04-14/five-things-you-need-to-know-to-start-your-day
  • B
    Ben
    The US does not currently mine any nickle. If we are serious about producing our own metals, we need to streamline our permitting process and get some mines opening. Nowhere else in the world does it take up to twenty years to permit a mine.
  • B
    Ben
    Look at the prices used for the economic studies, followed by today's price. This means more value per ton, and also fewer tons going to waste (cut off grade will be higher), and probably a significant increase in reserves. All great news. Now, lets get those permits so we can start mining and help our supply line issues! (and our economy).

    Table 15-2: Mineral Reserve Metal Prices
    3 Year Average Metal Prices (January 31,2016)
    Copper $2.93 $/lb $4.72
    Nickel $6.50 $/lb $15.32
    Cobalt $13.28 $/lb $37
    Palladium $734 $/oz $2,426
    Platinum $1,286 $/oz $975
    Gold $1,263 $/oz $1947
    Silver $19.06 $/oz $

    Now look at todays
  • s
    steve
    Patience will be rewarded. Freshly inked permits withing 2 years. Bank it.
  • e
    ed
    write to the white house to have them push this over the finish line. let's stop climate change by mining in Minnesota
  • T
    TheLiberator45
    Sitting on a gold.. eh em NICKEL mine!
  • V
    Virginia
    Cold war powers to boost battery metals, this seems like a no brainer.
  • c
    charles
    the tree huggers run the show in minnesota, remember that
  • B
    Ben
    It's funny how the administration talks about green energy and supply chain issues, but stands in the way of developing a domestic supply of the required materials. It appears the foreign financed eviro groups still hold sway here.
  • s
    steve
    Freshly inked permits on the way!
  • A
    Anonymous
    When is this mine going to open?
  • M
    Mike
    There should be a bump in institutional ownership after that 18 million share day in March for the first quarter.